Dec122013

Rep. Kevin Brady (R-TX), chairman of the Joint Economic Committee (JEC), upon filing the Committee’s annual Joint Economic Report for 2013, said the Obama recovery “remains disappointing and continues to shortchange Main Street and middle-class workers.”

Findings in the annual report, required by law, reveals that since the U.S. recession ended in the 2nd-quarter 2009, real GDP has grown at an annualized rate of a mere 2.3%, far below the 4.1% annualized growth rate of real GDP in an average recovery since 1960.

That ‘growth gap’ translates into 4.4 million private jobs and $1.2 trillion in real GDP missing from the U.S. economy today.